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SAN JOSE The Semiconductor Industry Association is lauding the $15 billion set aside for funding scientific research programs as part of the American Recovery and Reinvestment Act (HR 1) now headed for President Obama’s desk.

The bill includes significant funding increases for the National Science Foundation, the National Institute for Standards and Technology, the Department of Energy Office of Science, and the Advanced Research Project Agency-Energy.

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HONG KONG -- Surface Mount Technology (Holdings) Inc. reported a December quarter loss of HK$2.9 million on a 24% drop in revenue to HK$573.7 million.

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SIOUX FALLS, SD – Raven Industries today said fourth quarter sales would likely fall short of previous guidance. On the whole, Raven expects to report a 22% decline in fourth quarter net income on a 3% rise in sales.

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